Diversify Wealth Management LLC Invests $685,000 in Ducommun Incorporated $DCO

Diversify Wealth Management LLC acquired a new stake in Ducommun Incorporated (NYSE:DCO) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 7,200 shares of the aerospace company’s stock, valued at approximately $685,000.

Other hedge funds have also added to or reduced their stakes in the company. Cornerstone Planning Group LLC grew its stake in shares of Ducommun by 6,725.0% in the third quarter. Cornerstone Planning Group LLC now owns 273 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 269 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Ducommun by 618.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 297 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in Ducommun during the 3rd quarter worth about $63,000. State of Alaska Department of Revenue acquired a new position in Ducommun during the 3rd quarter worth about $79,000. Finally, Danske Bank A S bought a new stake in shares of Ducommun in the 4th quarter valued at about $111,000. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Ducommun

In related news, Director Richard A. Baldridge sold 10,440 shares of the business’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $130.83, for a total transaction of $1,365,865.20. Following the transaction, the director owned 20,100 shares in the company, valued at $2,629,683. The trade was a 34.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.00% of the stock is owned by corporate insiders.

Ducommun Trading Up 0.3%

NYSE DCO opened at $137.64 on Monday. The stock has a market capitalization of $2.06 billion, a P/E ratio of -59.58 and a beta of 1.06. The business has a 50 day simple moving average of $132.32 and a 200 day simple moving average of $112.75. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.50 and a quick ratio of 2.47. Ducommun Incorporated has a one year low of $64.51 and a one year high of $148.82.

Ducommun (NYSE:DCO) last issued its quarterly earnings results on Thursday, February 26th. The aerospace company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.14. The firm had revenue of $215.80 million for the quarter, compared to analyst estimates of $217.42 million. Ducommun had a positive return on equity of 8.47% and a negative net margin of 4.11%.The company’s revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.75 earnings per share. Research analysts expect that Ducommun Incorporated will post 4.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. B. Riley Financial reiterated a “buy” rating on shares of Ducommun in a report on Wednesday, January 28th. Royal Bank Of Canada raised their price target on shares of Ducommun from $142.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, March 13th. Wall Street Zen downgraded shares of Ducommun from a “buy” rating to a “hold” rating in a research report on Saturday. The Goldman Sachs Group upped their price objective on shares of Ducommun from $134.00 to $151.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Finally, Citigroup lowered their target price on shares of Ducommun from $143.00 to $141.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $144.50.

Ducommun Company Profile

Ducommun Incorporated, through its Electronics and Structures segments, provides engineered products and integrated systems for the global aerospace, defense and space markets. The Electronics segment focuses on high-reliability electronic assemblies, cable and wire harnesses, connector systems and harsh environment electronics for flight-critical applications. In the Structures segment, Ducommun manufactures complex metallic and composite components such as flight control surfaces, skin panels, heat exchangers and other aerostructures for commercial and military platforms.

Founded in 1849 in California as a hardware and stagecoach parts supplier, Ducommun expanded into aerospace manufacturing during World War II and has since grown its capabilities through targeted acquisitions and organic investments.